TeamHealth, a healthcare solutions company, will invest $6.7 million to expand its current headquarters in Knoxville, Tennessee.

The company is renovating a 62,000 square foot facility located adjacent to its current Knoxville headquarters. Renovations are set to be finalized in the third quarter of 2016.This expansion comes as a result of anticipated growth over the next three to five years, according to state economic development officials.

“In order to continue providing best-in-class service and support to our clinician community across the nation, we are expanding our home office in Knoxville,” President/CEO of TeamHealth Michael D. Snow said. “The building adjacent to our existing home office will house our growing nonclinical team members that serve our more than 18,000 clinicians that provide care in approximately 3,400 acute and post-acute facilities and physician groups across the country.”

“It always means a great deal when a company like TeamHealth, with a great history in our state, chooses to continue growing here,” Governor Bill Haslam said. “We want to thank TeamHealth for continuing to invest in our state and creating approximately 250 new jobs in Knox County over the next three to five years. Today’s announcement is great news for our East Tennessee communities and brings us another step closer toward our goal to make Tennessee the No. 1 location in the Southeast for high quality jobs.”

“TeamHealth is one of our region’s largest employers, and their choice to expand their corporate headquarters in Knoxville is going to have a tremendous economic impact,” Knoxville Mayor Madeline Rogero said. “The expected payroll will pump $13.75 million annually into our economy. Competition for economic development wins like this is fierce, and I am so grateful this Fortune 1000 company chose to continue their growth in Knoxville.”

“As one of the nation’s leading healthcare physician services companies, TeamHealth’s corporate headquarters expansion right here in Knoxville gives all of us reason to be proud and grateful for their continued success and growth,” Chairman of The Industrial Development Board of the City of Knoxville John Craig said. “Knoxville’s Industrial Development Board is especially delighted to be able to help facilitate the on-going, local growth of a homegrown success like TeamHeath, which began in Knoxville in 1979.”